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Shree Ganesh Management LLC

Du Bois, PA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Shree Ganesh Management LLC is a hotel and motel business located in Du Bois, Pennsylvania, in the industry of hotels (except casino hotels) and motels. The company was financed with an SBA 7(a) loan for a change of ownership of $2.46 million, approved on September 17, 2024 by GBank.

SBA 7(a) loan, change of ownership, approved Sep 17, 2024

$2,460,000 approvedLender: GBank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,460,000
SBA-guaranteed amount
$1,845,000 (75% of the approval)
Lender
GBank, Las Vegas, NV
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
September 17, 2049 (estimated, approval date plus term)
Estimated monthly payment
$21,493 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 25, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
15
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Best Western - Best Western Plus - Best Western Premier- Executive Residency by Best Western- @Home by Best Western - GLo - Aiden - Membership Agreement
Project location
Clearfield County, PA
SBA district office
Pittsburgh District Office
Congressional district
PA-15
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 34% of acquisition loans in Hotels (except Casino Hotels) and Motels on this site.
  • Average acquisition loan in Hotels (except Casino Hotels) and Motels: $3,241,374.
  • Average acquisition loan in Pennsylvania: $1,636,965.

Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.

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Same industry in Pennsylvania